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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of NTELOS Holdings Corp (NASDAQ: NTLS)acted responsibly on behalf of investors’ profitability in the planned $208 million sale to Shenandoah Telecommunications Co (NASDAQ: SHEN).
On August 10, 2015, NTELOS Holdings Corp (NASDAQ: NTLS)and Shenandoah Telecommunications Co (NASDAQ: SHEN) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Shenandoah will offer NTELOS shareholders $9.25 per share in cash for all outstanding shares.
Based in Waynesboro, VA, and founded in 1897 NTELOS Holdings Corp provides digital wireless communications services in Virginia and West Virginia, as well as portions of Maryland, North Carolina, Pennsylvania, Ohio, and Kentucky; and licensed territories in the Western markets.
The investigation is looking to uncover whether NTELOS Holdings Corp was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $12.00 per share.
If you purchased NTELOS Holdings Corp (NASDAQ: NTLS)prior to August 10, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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